Jun 201525

Long & Foster Named Leader in RISMedia's 2015 Power Broker Report

Long & Foster was named as one of the nation's top brokerages in RISMedia's Top 500 Power Broker Report.
Jun 201525

Long & Foster Named Leader in RISMedia's 2015 Power Broker Report

Ranking reflects company’s commitment to sales associates and consumers

Long & Foster Real Estate, the largest family-owned residential real estate company in the United States, ranked as the No. 3 real estate firm in the United States based on transactions and sales volume, according to RISMedia’s 27th annual Power Broker Report. Long & Foster reported 72,340 closed residential transactions and a total sales volume of $25,906,560,924 in 2014.

“Our latest ranking among our industry peers reflects Long & Foster’s continued commitment to providing our customers with integrity, innovation and world-class customer service,” said Jeffrey S. Detwiler, president and chief operating officer of The Long & Foster Companies, parent company of Long & Foster Real Estate. “A large part of the success of the Long & Foster family is our investment in ensuring that our agents are armed with the very best training, tools and support in the industry to do what they do best – serve the needs of home buyers and sellers in a constantly changing real estate market.”

This year’s Power Broker Report is based on responses to RISMedia’s 2015 Power Broker Survey, distributed in early January. More than 1,000 real estate firms from across the country completed the Power Broker Survey, reporting a collective 3,203,736 closed residential transactions in 2014, accounting for a total $973,976,005,312 in sales volume.

RISMedia President & CEO John Featherston congratulated Long & Foster for its prestigious ranking in this year’s Power Broker Report.

“The firms represented are the nation’s most elite brokerage firms serving literally millions of consumers with their real estate needs,” Featherston said. “2014 was a growth year for many real estate firms across the country, as low inventory created a ripe environment for home sellers and move-up buyers, and continued low interest rates and rising rents enticed more new buyers to take action. As market dynamics continue to fluctuate, today’s more knowledgeable, more tech-savvy real estate consumers will look to proven real estate firms and their agents to help guide them toward the best real estate decision. Being ranked in the Power Broker Report validates your firm’s reputation as a trusted resource for today’s homebuyers and sellers.”

Now in its 27th year, the Power Broker Report has long honored the incredible business feats of remarkable real estate leaders and brokerage firms that continue to shape the industry. Each April, RISMedia’s Real Estate magazine highlights the Top 500 Power Broker firms according to sales volume and transactions for the prior year. The rankings appear in the April issue of Real Estate magazine and online at rismedia.com. The complete ranking of all firms that meet the criteria will also be available in the 2015 Power Broker Report publication, available both digitally and in print this summer.